Streetlight Intelligence Inc.
TSX VENTURE : SLQ

Streetlight Intelligence Inc.

August 05, 2008 18:21 ET

Streetlight Intelligence Inc.: City of Penticton to Reduce Environmental Footprint and Maintenance Costs Thanks to New Energy Saving/Intelligent Streetlight Control System

VICTORIA, BRITISH COLUMBIA--(Marketwire - Aug. 5, 2008) - The City of Penticton is preparing to install an adaptive street lighting system - among the first of its kind to be installed in British Columbia - that will help the municipality reduce its environmental footprint, improve street lighting and cut maintenance costs, Streetlight Intelligence Inc. (TSX VENTURE:SLQ) announces.

"We are pleased to see Penticton join other BC communities in reaping the energy and cost-savings benefits of intelligent streetlight management," said Vince Krynski, CEO of Streetlight Intelligence, headquartered in Victoria. "The typical Canadian municipality spends about one-third of its energy budget on street lighting and our system can reduce that amount by up to 50 per cent."

The City-owned and operated electric utility will install the Lumen IQ™ Streetlight Optimization System. Penticton has ordered lamp heads into which Streetlight Intelligence will pre-install its Lumen IQ™ C200 Lamp Controllers. The system also includes a Lumen IQ™ Station Communication Hub, which allows all of the lights to be centrally controlled.

"This initiative will not only make us a more sustainable community by reducing our power consumption and greenhouse gas emissions, it is also a powerful way to save on maintenance costs," said Penticton Mayor Jake Kimberley.

Terry Andreychuk, General Manager of the Electric Utility, says this initiative will offer substantial energy savings and an increased life span for streetlights fitted with the technology. Although initially it is being implemented as a pilot project it could result in potential savings to the City in the tens of thousands of dollars. The City will also be able to take advantage of rebate incentives under the FortisBC's Power Sense Program. The anticipated energy and maintenance savings, combined with support from Fortis BC's Power Sense program means installation of this technology will pay for itself within four or five years.

The Lumen IQ™ Streetlight Optimization System uses wireless technology that allows municipalities to monitor and control individual streetlights via the Internet. Any number of lights can be turned on or off, or dimmed, to reduce over-lighting in specific areas and during times when there is little or no pedestrian traffic. It also reduces light pollution and energy wastage as well as extending bulb life by 20 per cent.

The Lumen IQ™ has achieved significant success in BC. All 70 streetlights on the newly opened William R. Bennett Bridge in Kelowna contain Lumen IQ™ controllers, helping to make this one of the most technologically-advanced sections of roadway in Canada. The system has also been installed in Prince George, where the City partnered with BC Hydro and netted energy savings of 40 per cent with no noticeable change in lighting quality.

About Streetlight Intelligence

Streetlight Intelligence Inc. develops advanced street light optimization systems. Trademarked as Lumen IQ™, SLQ's technologies provide improved lamp performance, advanced adaptive lighting control, and system-wide communications for centralized street light management. They enable street light operators to significantly reduce their community's energy consumption, maintenance costs and environmental impact.

SLQ is a public company listed on the TSX Venture Exchange under the symbol "SLQ".

This news release may contain certain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond STI's control, including: the impact of general economic conditions in Canada and in countries in which STI and its subsidiaries currently do business, industry conditions, increased competition, the lack of available qualifies personnel or management, equipment failures, fluctuations in product prices and in foreign exchange or interest rates and stock market volatility. STI's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits STI will derive there from.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Streetlight Intelligence Inc.
    Vincent Krynski, CEO
    19 - 6782 Veyaness Road
    Victoria, B.C. V8M 2C2
    (402) 571-2412
    Email: vkrynski@StreetlightIQ.com
    or
    Streetlight Intelligence Inc.
    D. Mark Alenius, CA
    Chief Financial Officer
    (403) 803-7390
    Website: www.StreetlightIQ.com
    or
    City of Penticton
    Terry Andreychuk
    General Manager, Electric Utility
    (250) 490-2536